It’s important as a small business owner to evaluate different options to expand your business in the future. One choice that can be very attractive is franchising. It could allow your business to grow quicker than it might otherwise, without the kind of capital investment required if you do it alone.
Taking your small business and turning it into a franchise will require you to demonstrate your business models’ current success and ability to be replicated for continued financial growth. Here are some things you will need to consider as you determine if your small business is right for the franchise model.